Region: Ecuador

Convicted Vitol trader asks to push back Texas trial

Former Vitol executive Javier Aguilar, who was convicted of money-laundering and bribery charges last week, has asked to face bribery charges in Texas at an unspecified later date

27 February 2024

UPDATE: Former Vitol trader found guilty of FCPA, money laundering charges

UPDATE: Javier Aguilar was found guilty of violating the FCPA and participating in a money laundering scheme in a verdict delivered late Friday afternoon, just a day after closing arguments in the case wrapped. The jurors declined to comment.

23 February 2024

DOJ closes FCPA probe into Arthur Gallagher

In late 2022, the US insurance broker disclosed it had received a subpoena from the FCPA unit seeking information about its business with public companies in Ecuador.

12 February 2024

Ex-prosecutors: arbitration corruption findings against Worley will interest DOJ

An arbitration tribunal found in December that Australian engineering business Worley was “willfully blind” to the corruption of a subcontractor and likely violated the FCPA by paying for Ecuadorean officials’ trips to the US.

12 January 2024

Vitol trader’s foreign bribery trial kicks off in Brooklyn

Prosecutors said Javier Aguilar, who is the first defendant to stand trial as part of a vast DOJ probe into commodities trading companies, helped Vitol score more than $500 million in contracts by bribing officials in Ecuador and Mexico.

05 January 2024

Former Ecuadorian pension fund exec gets sentence reduction for cooperation

The former risk director of the Ecuadorian public pension fund who admitted to taking bribes in exchange for improper business advantages saw his sentence reduced by almost a third for his cooperation.

01 December 2023

US fines two UK reinsurers for Ecuador bribery scheme

Tysers Reinsurance Group and HW Woods scored deferred prosecution agreements with the DOJ after cooperating with prosecutors investigating a sprawling bribery scheme linked to two Ecuadorian state-owned insurance companies.

20 November 2023

Prosecutors seeks forfeiture of $72 million in Ecuadorian bribery proceeds

The DOJ has moved to forfeit three bank accounts containing the proceeds of a scheme to bribe officials of the Ecuadorian public police pension fund for business advantages.

13 October 2023

Brooklyn judge denies another motion to dismiss from Vitol trader

Featured in Investigator's Guide to New York

US District Judge Eric Vitaliano wrote that it is not duplicitous for Brooklyn prosecutors to charge Javier Aguilar with a money laundering conspiracy charge connected to a Mexican bribery scheme at the centre of a separate DOJ case in Texas.

25 September 2023

Judge shouldn’t dismiss money laundering count in Vitol trader case, prosecutors say

Brooklyn prosecutors asked a federal judge to leave in place a money laundering charge against a former Vitol trader after he claimed it duplicated allegations in a separate bribery case he faces in Texas.

22 August 2023

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